MPS Limited Q3 FY26: Revenue ₹18,249 lakh, PAT ₹3,550 lakh
MPS Limited reported Q3 FY26 revenue of ₹18,249 lakh (down 2.08% YoY). Excluding AJE, revenue grew 6.48% YoY to ₹15,359 lakh. 9M FY26 revenue rose 3.38% YoY to ₹56,321 lakh. The company maintained a debt-free status with ₹143 crore in cash. EPS is projected to exceed ₹100 for FY26.
The announcement provides a detailed financial update for the quarter and nine months, including revenue, EBITDA, and segment performance. The company's debt-free status and positive outlook on EPS provide some positive indicators, but the mixed revenue performance prevents a high impact rating.
The company reported a slight decline in reported revenue for Q3 FY26, although growth was positive when excluding an adjustment item. While operational performance remains stable with healthy margins, the overall financial picture is mixed, warranting a neutral sentiment.
MPS Limited announced its un-audited financial results for the third quarter (Q3) and nine months ended December 31, 2025. The company reported a reported revenue of ₹18,249 lakh for Q3 FY26, a marginal YoY decline of 2.08%. However, excluding an adjustment item (AJE), revenue stood at ₹15,359 lakh, showing a YoY growth of 6.48%. EBITDA margin for Q3 FY26 was 31.55%, and excluding AJE, it was 32.42%, indicating healthy operational performance.
For the nine months ended December 31, 2025 (9M FY26), reported revenue increased by 3.38% YoY to ₹56,321 lakh, with EBITDA growing by 8.68% YoY. Excluding AJE, revenue for 9M FY26 grew by 13.12% YoY to ₹46,849 lakh, and EBITDA increased by 14.25% YoY to ₹14,273 lakh.
The company highlighted that Research Solutions remains the dominant segment, contributing 63.3% of total revenue in Q3 FY26. Education Solutions saw strong growth, increasing its contribution to 24.3% from 21.4% in the previous year. Corporate Learning's contribution moderated to 12.4% as the company undergoes restructuring.
MPS Limited continues to maintain a strong, debt-free balance sheet, with cash and cash equivalents of ₹143 crore as of December 31, 2025. The company is on track to achieve an Earnings Per Share (EPS) of over ₹100 for the first time in FY26.
What to do with a filing like this
MPS Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by MPS Limited. Read the original for the full detail.